MINIMUM REGIONAL WAGE TO INCREASE FROM 2016
[23-11-2015] Since January 1, 2016, monthly minimum wage for employees will surge from VND 2.4 million (US$114) to VND 3.5 million (US$166), according to Decree 122/2015/ND-CP on monthly minimum wage for employees. The beneficiaries include employees who work for companies, enterprises, cooperatives, cooperative groups, farms, households, individuals and agencies, organizations employing laborers.
LABOUR QUALITY SHOULD BE IMPROVED TO SHARPEN COMPETITIVENESS
[23-11-2015] In the newsletter on Labour market published by the Ministry of Labour, Invalids and Social Affairs (MOLISA) in collaboration with the Vietnam General Statistics Office recently, indicators of market prospects and demand for labour from now until the end of 2015 were released, many of which are very significant indicators.
WAGES TO GO UP 5% NEXT MAY
[13-11-2015] The National Assembly (NA) has assigned the Government to increase the minimum monthly salary of public servants by around 5% to VND1.21 million as from May 1, 2016. In a resolution on the 2016 State budget estimates which received approval from 392 of 435 deputies on November 11, the Government is also tasked with ensuring incomes of those whose wage coefficients are smaller than 2.34 will not be lower than the current levels.
FOREIGN LABOURERS’ INTERNAL MOVEMENT WITHIN ENTERPRISES: OBSTACLES REMAIN
[12-11-2015] Circular 41/2014/TT-BCT issued by the Ministry of Industry and Trade dated November 5, 2014 stipulates foundations and procedures to define foreign labourers’ internal movement in enterprises operating in 11 service sectors specified in Vietnam’s commitments schedule to the WTO not subject to labour licensing.
VIETNAM SHOE AND GARMENT EXPORTS SEE DRASTIC SLOWDOWN IN 2016
[28-12-2016] Vietnam’s export of garment and shoes seems poised to record significantly lower growth this year. The numbers for the whole year of 2016 are not available yet, but according to the General Department of Vietnam Customs, the total export of garment and textile products was $22.58 billion in the year to December 15, up 4.8 per cent on-year. This is the lowest growth in 10 years.
VN TEXTILE FIRMS NEED TO UP TIES
[27-12-2016] Domestic textile enterprises and logistics service providers should work together to reduce costs and improve their competitiveness, according to experts. Nguyễn Tường, Vice Chairman of the Việt Nam Logistics Association, said the textile industry needs to import raw materials from abroad and export products to foreign markets.
VN FIRMS INVEST IN TEXTILE, DYEING
[06-12-2016] Many textile and garment enterprises are investing in textile and dyeing complexes to ensure material for sustainable development, Vietnam Television (VTV)reported recently. To avail themselves of business opportunities from the Trans-Pacific Partnership (TPP) agreement, many textile and garment firms have over the past two years started building textile and dyeing complexes.
PUBLIC-PRIVATE APPAREL FIRMS INK DEAL
[29-10-2016] Representatives from public private partnerships (PPP) in apparel and footwear yesterday signed a co-operation agreement for the two sectors’ sustainable development in Việt Nam. The co-operation, which is the first of its kind in Việt Nam, marks a new step in promoting the sustainable development of the apparel and footwear sectors in terms of economy, society and environment.
